$2,138 Closing Credit*
$180,000
680 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is 55369, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55369 was a Seller's Market.
Key Takeaway
55369 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 55369, MN
How much do homes in 55369, MN cost?
Median Sold Price
$385,913
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,009(+3.2%)
Key Takeaway
Homes in 55369 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 55369 was $385,913 in October 2024, up 3.2% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234K | $359.9K | +53.8% |
| 2 Bedrooms | $272.5K | $275K | +0.9% |
| 3 Bedrooms | $360K | $360K | 0.0% |
| 4 Bedrooms | $449.7K | $449.9K | 0.1% |
| 5+ Bedrooms | $590K | $557.4K | -5.5% |
Summary: 55369 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.8%, 2 bedroom homes increased by 0.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 5.5%.
Housing Supply in 55369, MN
How many homes are available in 55369, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 264 | 306 | +15.9% |
Summary: The 55369 real estate market had 306 homes for sale in October 2024, a 15.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 36 | 48 | +33.3% |
| 3 Bedrooms | 91 | 108 | +18.7% |
| 4 Bedrooms | 103 | 114 | +10.7% |
| 5+ Bedrooms | 34 | 36 | +5.9% |
Summary: The 55369 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 50 | -16.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55369, you could pay more than the asking price. 42% of homes here sold above asking price last month.
Summary: A total of 50 homes were sold or pending in 55369 in October 2024, down by 16.7% month-over-month. Of the 50 sold homes, 38% were sold under asking, 20% were sold at asking, and 42% were sold over asking.
Days on Market for 55369, MN
How long does it take to sell a home in 55369, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 18 Days | -33.8% |
Summary: Homes in 55369 had an average of 18 days on market in Oct 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55369 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 50 homes were sold in 55369; 72% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
